FSA fears GPP switching spree for continued commission

Head of investment policy Peter Smith warned he had "heard rumour and anecdote" in the individual markets for GPPs that people were thinking of ways of moving products around so they continue to be paid commission. Smith said: "We can see the current market is driven by commission to some extent and there is clearly an incentive for people who want to get commission to find ways of doing it. "There are people out there thinking about how they can do this because they see a possibility of continuing to be paid commission. "Given that one of the issues we are trying to address is com...